KAMIX vs. VWAHX
Compare and contrast key facts about Kensington Managed Income Fund (KAMIX) and Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX).
KAMIX is managed by Advisors Preferred. It was launched on May 30, 2019. VWAHX is managed by Vanguard. It was launched on Dec 27, 1978.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: KAMIX or VWAHX.
Performance
KAMIX vs. VWAHX - Performance Comparison
Returns By Period
In the year-to-date period, KAMIX achieves a 4.34% return, which is significantly higher than VWAHX's 3.73% return.
KAMIX
4.34%
0.71%
4.14%
7.86%
2.36%
N/A
VWAHX
3.73%
1.26%
3.91%
9.18%
1.59%
3.15%
Key characteristics
| KAMIX | VWAHX | |
|---|---|---|
| Sharpe Ratio | 2.33 | 2.25 |
| Sortino Ratio | 3.56 | 3.36 |
| Omega Ratio | 1.49 | 1.53 |
| Calmar Ratio | 0.87 | 0.93 |
| Martin Ratio | 9.49 | 10.34 |
| Ulcer Index | 0.83% | 0.89% |
| Daily Std Dev | 3.37% | 4.08% |
| Max Drawdown | -10.92% | -17.82% |
| Current Drawdown | -1.89% | -1.59% |
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KAMIX vs. VWAHX - Expense Ratio Comparison
KAMIX has a 1.36% expense ratio, which is higher than VWAHX's 0.17% expense ratio.
Correlation
The correlation between KAMIX and VWAHX is 0.16, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Risk-Adjusted Performance
KAMIX vs. VWAHX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Kensington Managed Income Fund (KAMIX) and Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
KAMIX vs. VWAHX - Dividend Comparison
KAMIX's dividend yield for the trailing twelve months is around 4.81%, more than VWAHX's 3.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KAMIX Kensington Managed Income Fund | 4.81% | 4.15% | 0.75% | 2.51% | 2.01% | 1.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
VWAHX Vanguard High-Yield Tax-Exempt Fund Investor Shares | 3.70% | 3.53% | 3.37% | 2.86% | 3.09% | 3.36% | 3.79% | 3.69% | 3.75% | 3.69% | 3.78% | 4.12% |
Drawdowns
KAMIX vs. VWAHX - Drawdown Comparison
The maximum KAMIX drawdown since its inception was -10.92%, smaller than the maximum VWAHX drawdown of -17.82%. Use the drawdown chart below to compare losses from any high point for KAMIX and VWAHX. For additional features, visit the drawdowns tool.
Volatility
KAMIX vs. VWAHX - Volatility Comparison
The current volatility for Kensington Managed Income Fund (KAMIX) is 0.76%, while Vanguard High-Yield Tax-Exempt Fund Investor Shares (VWAHX) has a volatility of 1.75%. This indicates that KAMIX experiences smaller price fluctuations and is considered to be less risky than VWAHX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.